5402 stories by Todd Shriber
Gaming/Leisure ‘Most Troubled’ Group for 2021 Debt Defaults, Says Moody’s
Global debt defaults are expected to decline this year. But Moody's Investors Service sees the potential for trouble in the hotel, gaming and leisure group. The research firm is forecasting a 2.2 percent global default rate for its entire universe of rated...
ARK Investment Management Adds DraftKings to Internet ETF Roster
ARK Investment Management is showing it's a believer in the online sports betting investment thesis, adding DraftKings stock (NASDAQ:DKNG) to one of its exchange traded funds (ETFs). On Monday, the asset manager purchased 620,300 shares of the daily fantasy sports (DFS) company,...
Princess Cruises Offering High Seas Sports Wagering When Ships Sail Again
It's not hard to find casinos aboard cruise ships. But Princess Cruises is sailing into new territory with sportsbooks on some of its vessels. The operator said Monday the Ocean Sportsbook will be available on its MedallionClass ships when those ships hit...
Jim Murren Blank-Check Firm Acies Merging with MGM-Backed Playstudios in $1.1 Billion Deal
Acies Acquisition Corp. (NASDAQ:ACAC), a special purpose acquisition company (SPAC) started by former MGM Resorts International (NYSE:MGM) CEO Jim Murren, is merging with social casino developer Playstudios, Inc. The transaction values the mobile gaming outfit, which is supported in part by Murren's...
Marina Bay Sands, Resorts World Sentosa Propped up by Locals
Singapore's two integrated resorts, Marina Bay Sands (MBS) and Resorts World Sentosa, continued benefiting from brisk traffic among locals in the fourth quarter. That trend, which emerged in earnest during the July through September period, is pivotal to the profitability of those...
Tilman Fertitta’s Golden Nugget Strikes $6.6 Billion Merger with SPAC FAST Acquisition
Fertitta Entertainment confirms today that it's merging with blank-check firm FAST Acquisition (NYSE:FST) in a deal valuing the leisure and hospitality company at $6.6 billion. Fertitta Entertainment is the entity controlling the Golden Nugget land-based casinos and Landry's restaurants. That $6.6 billion...
Boyd, Red Rock, Other Regional Casino Names Warrant Caution, Says Analyst
Gaming companies with limited or no Las Vegas Strip exposure are proving sturdy relative to their Sin City-centric counterparts. But one analyst says it might be time to take some chips off the table. JPMorgan analyst Joseph Greff, advises clients to embrace...
Caesars, DraftKings Anointed Top 2021 Gaming Ideas by Loop Capital
Caesars Entertainment (NASDAQ:CZR) and DraftKings (NASDAQ:DKNG) are two of Loop Capital's preferred picks among gaming equities this year. The research firm is also bullish on VICI Properties (NYSE:VICI), the casino real estate investment trust (REIT) that counts Caesars as its largest client....
Century Casinos in Talks For Poland Gaming Venues Sale, Could Fuel Domestic Acquisitions
Century Casinos (NASDAQ:CNTY) revealed it's in discussions to sell its Poland gaming venues. These properties are currently shuttered in accordance with the government's COVID-19 protocols. The Colorado-based gaming company owns 66.6 percent of an entity known as Casinos Poland Ltd., which runs...
Google Play Store Welcoming Sports Betting Apps, Including Barstool, DraftKings
Google recently updated its developer program policy for the Google Play App Store, paving the way for sports betting applications to be downloaded by Android smartphone users starting March 1. California-based Alphabet, parent company of the world's largest search engine, updated its...
